Dear Experts,
Can a company convert loans availed from directors into equity shares ?
Please guide citing relevant provisions.
equity
into
loans
directors
conversion
my view is different, ID is making payment to have his/her name on Data bank and having name in data bank he might be appointed by one or more company. further He is making payment to be eligible for appointment as ID. It is expense in Individual capacity and can not be considered as Expense of Company. The Company can pay higher Sitting Fees in alternative.
If we think on above view, to become Company Secretary of Company we are making annual fees payment to ICSI and ICSI maintain our name in Register of members. and then we become eligible to be appointed as CS of Company. We can not demand such membership fees from Company.
director
independent
charges
imbursement
Applicability of GST on part Time Employment of Director.
Click here to view / answer Share it ondirector
employment
time
part
As per the provision of the section 184(2) of the Companies Act'2013,
[(2) Every director of a company who is in any way, whether directly or indirectly, concerned or interested in a contract or arrangement or proposed contract or arrangement entered into or to be entered into—
(b) with a firm or other entity in which, such director is a partner, owner or member, as the case may be,
shall disclose the nature of his concern or interest at the meeting of the Board in which the contract or arrangement is discussed and shall not participate in such meeting:
Now my question is that ABC Pvt. Ltd. is a Company in which "D" is a Director and another there is Proprietorship Firm i.e. M/s XYZ runned by Mrs. "R" who is the wife of Mr "D".
Now Company ABC Pvt. Ltd. did a Transaction with Proprietorship Firm is M/s XYZ.
Now it is clear case of Related Party Transaction because Mrs. R is a wife of Mr. D.
Now my question is
(a) whether Mr. D who is the Director of ABC Pvt. Ltd is an Interested Director due to this transaction? if yes how and why?
(b) Whether any interest of Mr. D in this Transaction.? if yes how and why?
please reply in detail with references.
director
interested
determination
Dear All,
Is there any age limit for appointment of Independent directors like executive directors?
under Companies Act 2013 or RBI provisions?
director
independent
limit
Dear All,
Is there any age limit for appointment of Independent directors like executive directors?
Under Companies Act 2013 or RBI provisions?
director
independent
limit
Can somebody explain about the Franking of documents of Directors/Partners?
How to do and on what documents and by whom?
directorspartners
documents
franking
Hi,
While filling the director details in the agile pro form, the mobile number field allows only 10 digits. However, the 2 out of 3 proposed directors are foreign nationals whose mobile number (Including country code) is 11 digits. Has anyone else faced this issue?
Is disclosure of general interest by directors necessary for private companies under companies act 2013?
should we take the written notice from the director/s and place it before the board meeting
any relaxation is this regard for Private Cos?
Pl share your views
directors
interest
general
disclosure
Can anyone share draft documents regarding appointment of director in EGM.
It's a private company two director were there, one director died recently so it's a death case . So i will appoint a director first through share holders approval as at present there is only one director.
So in connection with the aforementioned case if anyone can share me draft documents for appointment of director in egm.
Thanks in advance
director
appointment
documents
draft
Can anyone please tell what is the procedure to be followed for change of designation from Whole Time Director to Director in a Private Limited Company?
company
director
designation
change
Can anyone please tell what is the procedure to be followed for change of designation from Whole Time Director to Director in a Private Limited Company?
director
time
whole
designation
change
